Papertrade Ranks Fifth in Seven-Day Protocol Revenue at $13.38 Million
Photo: TokenPost
Papertrade generated $13.38 million in protocol revenue over a seven-day period, placing the synthetic perpetuals venue fifth among 10 protocols in an Oct. 23 ranking, behind four larger totals. Tether led with $122.87 million, followed by Circle at $48.98 million, Hyperliquid at $15.10 million and Pump at $14.71 million. A previous seven-day revenue comparison placed Papertrade third. Papertrade offers synthetic perpetual contracts for Bitcoin (BTC) and Ether (ETH) on HyperEVM. Traders take positions against liquidity supplied by the protocol, using the midpoint of Hyperliquid’s best bid and offer prices as a reference.
Also reported by Coinotag.
Source: TokenPost
